New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-25

exports OF silver amounted 10 SlOoI7I53 and the net
exports Of merchandise in the same time amounts 10
$l1 4432 76; total net silver and merchandise exports
in the fourteen months. S223Go429 against net gold
imports OF s.7,000.0oD. Allowing Sl2oOooooo-a low
esimats-for accrued freight to foreign bottoms
and there stands 900 against the country TO
which must be added the $67 OF imported gold
raking fetal Of S20900O0 900 foreign capital recently
invested in this country
The talk about and southern land speculation
has been much exaggerated as were
the talks about tho baleful effects Oh
railroads OF the Interstate Commerce law. OF treasury
accumulation AID OF danger OF sringcncy in money Inc
talk about the Interstate Commerce law hd ohy ONO
effect, that to start grand bear campaign asa's'
stock values Contrary 10 many honest Opinions INC
railroads operating under the law have steadily SHOWN
in both earnings AMI net earnings ana no"
railroad managers generally regard the law az beneh
for holders OF railroad securities All the stth
gency in money that any time has been experienced
from the fears engendered by first the ntefeSte
and later. the ignorant, talk the threatened uahser
But there has been speculation in western an"
southern lands Little capital however mas
been sopardzed thereby and little of western ana so"
ern capital II has been the imported capital Inc Ill
mansions OF which III the last fourteen months Is SHOW"
above Another and a very large part OF that Iotesh
capital has been invested in the bonds OF new ra'f"as'
which supposed to prove OF benefit to the purchaser
lands and with the continued large immigration OF
working population IL by means is less than Prooa"is
that both investments will prove profitable TO the "a
ing capitalist which foreigners are. So 1t would seem
that only modicum OF this large foreign Investment
within the category of "call loans -lS III
securities for which there is daily market
both sides OF the Atlantic. Tho large part OF the lh'es
mcns made with purpose TO wait, but whether 'hey
were not they practically be permanent LOT
period.
To-day's stock market dull, duh that the latest
transactions amounted only to $4,000 shares AdN'h
tage OF this ton takon to mark again prices
down and TO do 1t the small part OF their ." SHORTS
which the leading bears purchased at the compare
lively high figures OF last Friday were res"Ih' g.
Paul which was purchased to cover at 49, a. was re-
sold at 125 70l2; Northwestern purchased al I"'H"
lOsl2 was sold at lO7 J2. Burlington ana pn"'S
purchased at / 20 1870 sold at l2s 2dl"64 oh"ua
purchased at about sold down to 30, Lake shofe
purchased at 81 93la sold down 10 81 - MISSOURI
Pacific purchased at about 81 was sold down 10 se'N@
s-al, Northern Pacific preferred purchased At fo'2Gfo
was sold down 10 I2ae I29l. and Union facihc puF-
chased at IL a. 10 sold at 1854 The new and
additional shorts thus sold generally we're purchased
by the bulls" who last Friday at the higher hSu!es
furnished tho "Dcars" with their magazine oil ne" a-
munnon. A desperate onslaught on values was made
the last quarter hour but prices closed steady at ga
a per cent higher than the lowest
Government bonds dull and firm at unchanscd
quotations as follows: